Sophie Chen
Jun 25, 2013

Japan records eight-year high in confidence: MasterCard

SINGAPORE – Consumers in Myanmar, India, Indonesia and the Philippines are leading the region in consumer confidence, while Japan, Taiwan and Korea show the largest improvements, according to the latest MasterCard Index of Consumer Confidence.

The index is based on a survey conducted between April and May of respondents aged 18-64 in 16 Asia-Pacific markets Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, Myanmar, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.

Overall, consumer confidence in Asia-Pacific improved by 1.2 index points to 63.3 index points, compared to the second half of 2012. The indicator of employment showed the largest increase of 3.2 index points from 59.4...

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